Launch Of Google Checkout For Secure Credit Card Payments

Posted on June 30, 2006
Filed Under Forums, Google Adwords, Merchant Accounts, Shopping Carts, Third Party Merchant Accounts

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There has been much speculation and rumor about the possibility of Google launching a credit card processing service. As of June 29th Google have introduced Google Checkout which you can use in conjunction with your Adwords account and use to shop safely and securely online.

The concept of Google Checkout is similar to the set up Amazon and Ebay [via PayPal] where you enter your payment information, credit card, name, address which is held behind a secure server. You will not need to enter your personal payment information again only to log into your Google Account and submit your payment details.

I’m not entirely convinced that Google Checkout will be as popular as other payment services such as 2Checkout or PayPal. However Google Checkout initially has not been set up to compete with other payment services. Rather to complement their current services to their clients and publishers and enable secure web payments at participating online stores.

There is a lively debate on the subject of Google Checkout at the Warrior Forum. What do you foresee for the Google Checkout service?

Currently Google Checkout is only available to US credit card holders. Read the full terms here.

As I am a UK resident I won’t be able to appreciate use of the service. If you are from the US would you use Google Checkout or are you waiting to see how things turn out with feedback from other uses?

One hurdle Google has is to convince online stores to set up Checkout to implement their service and join the Google Checkout network. This will obviously take some time as Google work with API and HTML coding for buy buttons and other associated integration tools. Once this is in place the service should run streamlessly to enable safe shopping by Google Checkout users.

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One Response to “Launch Of Google Checkout For Secure Credit Card Payments”

Erdbeere on July 25th, 2006 5:28 am

I checked out “Google-checkout”.
The overall process seems to be very easy but exactly that makes this solution very vulnerable. During checkout there was no security question to make sure that I’m indeed the owner of the Google account or the associated Credit Cards in that account. Of course I used my username and password but because there are so many Google sites, using the same username and password, it is very easy to loose your login information on a hijacking page as you might not check the url for Ad-Words or Gmail every time you log on as those services never had the possibility to shop with your Credit Card.
Now because you have one account and login information for all it is quite possible that hackers will try to get your login information from any Google service out there! Even worth is the fact that the hacker can change the password without any problem. The owner of the account might not even get any information about the password change as the e-mail is sent to the according and hijacked Gmail account.
Because of this HUGE security risk I would not recommend using Google checkout!
Please checkout the http://www.thebilliondollarpatent.com as s-registration solution that Google should have implemented in their service to make it solid and secure. This solution is requiring a third credential called TAN to make sure that ONLY the owner of that account is able to shop online even in case the account is hijacked.
I hope that everybody is aware of the security issue with Google checkout and will inform Google of a better solution!
Thanks and be safe;-)))!!

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